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Citystate Savings Bank
Citystate Savings Bank () is a publicly listed thrift bank listed in the Philippine Stock Exchange. The bank was a partnership between a group of Filipino businessmen led by Ambassador Antonio Cabangon Chua and a Singaporean investment holding company. It was granted the thrift bank license by the Monetary Board of Bangko Sentral ng Pilipinas in 1997. City State offers banking services, such as deposit products and services, cash management, onsite/offsite ATM facilities, corporate and retail banking, and treasury services. The bank caters to the needs of corporate, middle market and retail clients. The bank operates a total of 24 branches nationwide and employs 276 employees at the end of 2009. As of December 27, 2010, City State has a total market capitalization of P2.03 billion and share price of P28.00.
==Company profile==
City State Savings Bank started its banking operations a day after the Monetary Board of Bangko Sentral ng Pilipinas approved its thrift bank license on August 7, 1997. On January 2, 2002, the company went public and was formally listed in the Philippines Stock Exchange under the stock symbol CSB.
To sustain its expansion in terms of setting up more branches complemented with the development of new products and enhanced services, the bank ventured into a stock rights offering of 22 million which increased its capitalization to P670 million to P450 million.
In November 2006, Citystate Bank obtained its Trust and Foreign Currency Deposit license from the Bangko Sentral ng Pilipinas to accept dollar and other foreign currency denominated deposits and manages funds, securities, and properties.
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